”It was a very challenging selection process. We have had so many well-developed startups that applied for our program, and we had to select the best 11 startups with the most mature businesses. The MVP Academy community, mentors and alumni alike, have provided an incredible support in identifying the best new teams and products. Congratulations to the all who made it into the program, the challenging part is yet to come: together with the teams we will go through nine weeks of hard work designed to prepare these companies for the global market.” said Bogdan Iordache, Program Director of MVP Academy Accelerator, digjitale.com reported.

Starting this Monday (March 6) for whole nine weeks, these startups will go through 1 on 1 mentoring sessions with local and global experts that are part of this Academy. Together with their mentors they will define their business development strategy, their product futures, the product market fit and will practice their investment pitch scheduled for May 8 during the MVP Academy Demo Day.

As business-review.eu reported these startups will also have a chance to raise an investment through MVP Angels, the angel investors network associated with the acceleration program, in exchange for a minority stake in the company.

This year the Academy will take place at TechHub Bucharest in partnership with CyberGost VPN and support of Bitdefender, Microsoft Romania and Raiffeisen Bank. With USD 1 million budget, the startups will have access not only to finance but other tools and services that will help them to develop their products faster.

MVP Academy was launched in 2014 by TechHub Bucharest. According to the business-review.eu the total financing of all the MVP Academy alumni until now is EUR 1.7 million. Companies such as Axosuits, InnerTrends, Reflex, Urby and TypingDNA have been a part of the program during previous editions.

Who are the finalists?

This year finalist are startups coming from different industries such as fintech, biotech & 3D Printing, industrial automation, retail, security, software development tools and sports & entertainment.

BOX2M – a technology infrastructure that develops devices and software programs to monitor and control IoT industrial systems.

CoinFlux – Founded in 2015, CoinFlux is a cryptocurrency exchange service that operates in the European Union with focus on providing an easy and inexpensive solution for everyone to interact with cryptocurrencies like bitcoin, ether, litecoin and others